May 19, 2011
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Columbia CU Earns Top SBA Awards
Columbia Credit Union was recognized with two awards at the annual awards dinner sponsored by the regional office of the Small Business Administration (SBA). Columbia earned first place recognition as the Top Credit Union Lender of SBA loans in the Portland-Vancouver region. It was also recognized as the top lender of underserved communities, a competition in which it competed against all banking institutions.
Columbia led all credit unions in both the number of loans and the dollars loaned to members through the partnership with SBA.
“We have had a lot of experience in working with the Small Business Administration lending programs and that experience has helped us maximize benefits of those programs for our members,” said William Fulk, SVP & Chief Lending Officer, who accepted the prize on behalf of the credit union.
Columbia was the only double winner of the night. Robert DuCote, SBA Acting Director noted that Columbia’s work in the underserved market was exemplary pointing out that 100 percent of the credit union loans in the category went to women, veterans or minority owned businesses. This exceeded even the large national banks in the region. “The award-winning lenders provide critical support to hundreds of small business owners and entrepreneurs, doing their part to help stimulate economic growth and job creation,” DuCote said of the award winners.
Storm Finalist for CO-OP THINK Prize
Shari Storm, VP of Verity Credit Union in Seattle, Wash., was one of three finalists for the first annual CO-OP THINK Prize, for her Squirrel smartphone application.
The CO-OP THINK Prize recognizes ideas that propel the credit union movement forward. The three finalists were selected by judges from CO-OP Financial Services and the Filene Research Institute based on four main standards for their ideas—impact, creativity, aggregation (the application of the idea across the industry) and implementation (the ability to be adopted quickly).
Matt Weidler of Evangelical Christian Credit Union won the $10,000 award for his idea for using a mobile phone to access ATMs. Candace Vogelsong, of Community Powered FCU of Newark, Del., was the other finalist.
The three finalists in the inaugural competition presented their ideas to attendees of THINK 11 in Anaheim, Calif.
Entries for the CO-OP THINK Prize for 2012 open May 18 at http://www.co-opthink.org/.
Yakima Valley Credit Union Scholarship Winners Announced
Yakima Valley Credit Union announced its scholarship winners for the 2011-2012 school year. Each student will receive a $2,000 scholarship.
The $2,000 scholarship winners are:
Yakima Valley Credit Union Scholastic Achievement Scholarship: Sonia Taylor, currently attending Washington State University
Yakima Valley Credit Union Warren Sutliff Volunteer Scholarship: Wendy Dimas, graduating Toppenish High School, attending University of Washington
Yakima Valley Credit Union Harold Bailey Memorial Fireman's Scholarship: Lisa Bjorklund, graduating East Valley High School, attending Whitworth College
Yakima Valley Credit Union Earl Weatherman Honorary Scholarship: Joel Moberly, currently attending Perry Technical Institute
Yakima Valley Credit Union Committee’s Choice Scholarship: Juan Espinosa, graduating Davis High School, attending University of Washington
Credit union contributes $1,000 to basset rescue
Spokane Teachers Credit Union recently donated $1,000 to Washington Basset Rescue when the nonprofit group received the most votes in an online version of STCU’s “Who do you love?” giving program. This is the first time STCU has used Facebook for a cash giveaway.
Beginning on Valentine’s Day, the credit union asked visitors of its Facebook site to vote for the local nonprofit they’d like to receive a $1,000 check. The basset hound rescue group received 759 votes. The online program nominated 85 organizations.
Numerica Announces New Directors
Larry Lanning and Robin Harmon have been elected to Numerica Credit Union’s Board of Directors to serve three-year terms.
Eastern Oregon Chapter Meeting Announced
Eastern Oregon Chapter will be meeting on Friday, May 20, 2011. Mike Snow from Union Wallow Baker FCU will host the event in La Grande at Hot Lake Springs. The meeting will run from 10:00 a.m. until about 3:00 p.m., with lunch at noon. The cost for lunch and the tour will be about $20.00 per person.
Rooms will be available for those traveling from out of town: http://www.hotlakesprings.com
For more information and to RSVP, contact Barb Haggerty by Friday, April 29, 2011: 541-889-3149, firstname.lastname@example.org.
Mt. Hood Chapter May Meeting Announcement
Mt. Hood Chapter will meet at 5:45 p.m. on Wednesday, May 25, to discuss “How to Identify Elder Financial Abuse.” Speakers will be Detective Jay Pentheny and Holly Freewynn. Cost is $20 for chapter members and $30 for non-members. Checks should be made payable to “Mt. Hood Chapter.”
1109 SE Madison Street
Portland, OR 97214
Please RSVP by Friday, May 20 to Molly Bishop: 503-513-8759, email@example.com.
Olympic Peninsula Chapter Meeting Announced
Olympic Peninsula Chapter of Credit Unions will be holding its second quarterly meeting on Tuesday, June 7, 2011, starting a 6:00 p.m. NWCUA Director of Compliance Mary Sroufe will be presenting.
The Seven Cedars Casino
270756 Hwy 101
Sequim, WA 98382
From more information and to RSVP, contact Kandy Peterson: 360.452.3883, firstname.lastname@example.org.
Snohomish County Chapter of Credit Unions
The Snohomish Chapter will be meeting on May 24 from 11:30 a.m. – 1:00 p.m. Verity Credit Union’s SVP and Chief Marketing Officer Shari Storm will lead a discuss on “How To Be A Better Boss.” Cost is $25.00 per person, which can be paid online.
Holiday Inn, Downtown Everett
3105 Pine Street
Everett, WA 98201
Questions? Contact Director of Credit Union Development Kasey Rockwell: 503-350-2217, email@example.com.